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Area Development - Site Selection, Facility Planning and Workforce Development

Daimler Truck Financial Services USA Plans Charlotte, North Carolina, Headquarters Operations

05/29/2025
Daimler Truck Financial Services USA, the financial lender for Daimler Truck North America, plans to establish operations in Charlotte, North Carolina. The more than $7.8 million project is expected to create 276 jobs in Mecklenburg County.

The investment will include the consolidation of the company’s current offices into a 60,000-square-foot headquarters for its administration, HR, and financial operations.

“We’re thrilled to establish our new headquarters in the Ballantyne area—this move marks a pivotal step in aligning our team closer to DTNA and advancing our strategy for long-term services growth,” said Kevin Bangston, president and CEO of Daimler Truck Financial Services.

The project is being supported, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee. Over the course of the 12-year term of this grant, the project is estimated to grow the state’s economy by $1.08 billion. Using a formula that takes into account the new tax revenues generated by the new jobs and capital investment, the JDIG agreement authorizes the potential reimbursement to the company of up to $4,174,500, spread over 12 years. State payments only occur following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets.

The project’s projected return on investment of public dollars is 119 percent, meaning for every dollar of potential cost to the state, the state receives $2.19 in state revenue. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a given company.

Because DTFS chose to locate to Mecklenburg County, classified by the state’s economic tier system as Tier 3, the company’s JDIG agreement also calls for moving $1,391,500 into the state’s Industrial Development Fund – Utility Account. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business. Even when new jobs are created in a Tier 3 county such as Mecklenburg, the new tax revenue generated through JDIG grants helps more economically challenged communities elsewhere in the state.

“Charlotte is the second largest banking center in the United States,” noted Commerce Secretary Lee Lilley. “Daimler Truck knows the proximity to its existing manufacturing operations, combined with our excellent business climate and thriving financial sector, makes North Carolina the best place to grow and expand.”

In addition to the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina (EDPNC), other key partners in the project include the North Carolina General Assembly, the North Carolina Community College System, N.C. Commerce’s Division of Workforce Solutions, Mecklenburg County, and the City of Charlotte.

DTFS provides financing and leasing solutions for Daimler Truck North America. The company offers custom financing, leasing, and insurance options for its commercial vehicle customers that include owner-operators, fleet owners, and municipalities.

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